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Dow closes at record high

My friend's finance guy has been texting her nonstop about how awesome Trump will be for the economy. It reads like fan fiction, except it's painfully obvious he doesn't know why the last recession happened.

Of course, he makes her 8% APY (except the quarters that he doesn't... short memories) and therefore walks on water, so there's no talking sense.

Anyway: irrational exuberance from business weasels because we elected a business weasel. It'll wear off.
 
Before Trump got elected all I saw on the news sites was how if Trump was elected how the stocks would crash. Now the stocks are at record highs. I really dont think it has anything to do with anything but to me it is pretty certain that news sites just blow smoke to get ratings.
 
elitejp said:
Before Trump got elected all I saw on the news sites was how if Trump was elected how the stocks would crash. Now the stocks are at record highs. I really dont think it has anything to do with anything but to me it is pretty certain that news sites just blow smoke to get ratings.
Click to expand...

The media gave Trump free press 24/7 for the past year, even before the primaries started. Allowing his mouthpieces to be on every panel let the message get out even more. I'm sure that didn't help him get elected... but hey, they got the ratings!
 
time to invest in companies that Trump owns or do biz with.
i just know he's gonna pump them all up. might as well take advantage of it.
 
Listen.
Trump was elected, yes, but none of his policies have taken effect. It's still Obama world, not Trump world.
Trump "could" take office and repeal Obamacare and the markets crash.
Or Trump could impose those tariffs on foreign goods and the markets crash.
Or Trump could deport illegals and build the wall and markets crash.

I think the reason markets suddenly peeked was that Trump went to the Whitehouse and didn't crap on the carpet, as expected. Or didn't call Obama the "N" word, apparently.
And the markets thought, "gee... maybe this pooch is trained after all?"

Who knows what drives the market, but Trump has not done one single thing thus far that would reflect market reaction. If markets are reacting to Trump at all, it is all speculation, not fact or governance.
So after January 20th, then and only then shall we see.
 
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I think consumer confidence is going to tank in November, just from reading my FB, many people are scared for the future.
Half the country is in despair and disbelief at what's happening. And a lot of them are young educated professionals of age and income to start families and buy houses and things. If they pull back on spending and decide to set more money aside due to Trump uncertainty, the economic growth will stall, bigly.
 
The Trumpster is into real estate.

I'm into real estate.

Singing...

"I'm in the money. I'm in the money de de de de de de de de de!" lol
 
I don't follow the market but all over news radio this morning they're saying it's likely due to trump's position on increase immigration enforcement and defense spending. Private prison and defense industries shot up after trump's win.
 
SOY SOY SOY!

9fYCG1t.jpg
 
senseamp said:
I think consumer confidence is going to tank in November, just from reading my FB, many people are scared for the future.
Half the country is in despair and disbelief at what's happening. And a lot of them are young educated professionals of age and income to start families and buy houses and things. If they pull back on spending and decide to set more money aside due to Trump uncertainty, the economic growth will stall, bigly.
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I hate to inform you but the same thing was said 8 years ago when Obama was elected. Like Obama, Trump will have his ups and downs and in the end, life will go on...
 
This is a moderately complex thing to understand, but at the same time you have to look at the stocks that are jumping and the stocks that are falling.

Currently, people are re-allocating their monetary funds to the stocks they believe will benefit most from a trump president.

The stock market is supposed to be ahead of the curve, not behind it. What you are seeing now is a switching of money from one area to another.
 
sportage said:
Who knows what drives the market, but Trump has not done one single thing thus far that would reflect market reaction. If markets are reacting to Trump at all, it is all speculation, not fact or governance.
So after January 20th, then and only then shall we see.
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I agree. See Brexit and Asian markets the night of the election -- prematurely blowing their loads, everything essentially recovered. Why? Because Brexit still hasn't been initiated and is being challenged legally or by the electorate. Redo the vote today and it'd likely be to Remain because enough people voted for something they didn't understand -- many did understand.

baydude said:
Another record high reached today

http://mobile.reuters.com/article/amp/idUSKBN13619K?client=safari
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Goldman Sachs and JP Morgan on the Dow blew their loads since the election. Same for Caterpillar. We're going back to the pro-bank 2000 boom times! That ended well.

S&P 500 decided to do nothing today... like yesterday.
 
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